Quote:
Originally Posted by Biggd
What you're willing to sell it for has no bearing on value. I sold my house to my son at a discounted price but he is still paying taxes on it's assessed value and if he went to sell it he would get a much higher price than what he paid for it.
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yes correct, tax based on values on a market assessed value. What I am saying is that market assessed value should not be apart of it